Simpson Thacher represented J.P. Morgan, BofA Merrill Lynch, UBS and Morgan Stanley in an offering of $475,000,000 of 8% Senior Secured Notes due 2018 in connection with the acquisition of Sterigenics International, Inc. by affiliates of GTCR, L.L.C. The offering closed on March 25, 2011.
Simpson Thacher represented the same institutions in arranging a senior secured revolving credit facility for the company.
Sterigenics provides contract sterilization, microbial reduction and ionizing radiation services to customers in the medical devices, food safety and advanced applications markets. Sterigenics has more than 1,300 employees and operates 38 service centers across North America, Europe and Asia.
The Simpson Thacher team included John Ericson, Dora Jimenez, Paige Fleming and Erland Modesto (Capital Markets); William Sheehan, Erik Hepler, Hayley Urkevich, Chase D’Agostino and Darwon Choe (Credit); Mardi Merjian (Real Estate); Adeeb Fadil (Environment); Alvin Brown, Paula Han and Craig Katerberg (Executive Compensation and Employee Benefits); Jason Vollbracht and Daniel Foster (Tax); Parijat Sharma (Intellectual Property); and Jennie Getsin (Blue Sky). Paralegals Allison Nichols and Alexandra Leavy also provided valuable assistance.